Discover the latest news, trends and happenings at Well Data Labs

Making historic fracture design evaluation easier with machine learning

Making historic fracture design evaluation easier with machine learning

At the most basic level, hydraulic fracturing’s main objective is to fracture the rock to stimulate the flow of hydrocarbons. When completion engineers design a frac job, their priorities are to optimize that flow while adhering to operational, budgetary, and reservoir development constraints to maximize well performance and economics. Of course, it is much more complicated than that, and looking to the past can provide context and a better understanding of performance, which can be applied to the future. Such is the case with hydraulic fracturing data. read more…

Alert: Real-Time Machine Learning is here!

Alert: Real-Time Machine Learning is here!

Fracture-driven interactions, or FDIs, can be tough to detect in real-time even with the trained eye, but real-time machine learning now makes this possible.

FDIs are not a new menace in the oilfield.  They have been a challenge since the beginning of time, and are becoming even more commonplace as operators look to tap every aspect of the reservoirs within their reach1. These impacts cause economic harm in three key ways: read more…

The revolution has arrived: Sealed Wellbore Pressure Monitoring

The revolution has arrived: Sealed Wellbore Pressure Monitoring

The newest fracture diagnostic on the market: how it works and what it can do for your completion operations

The Upstream Oil & Gas Industry has seen its share of innovation and revolution over the past several decades. From the shale revolution allowing operators to efficiently access tight formations to the adoption of data-driven approaches to completion operations, there is no shortage of examples. The driving force behind these changes has always been a relentless push toward operational and capital efficiency. In an industry that has seen its share of boom and bust cycles, those that are most streamlined have the best staying power. It is with this central tenet in mind that the patent-pending Sealed Wellbore Pressure Monitoring (SWPM) process was born through the efforts of innovative completion engineers at Devon Energy. read more…

Active Well Defense: is near-real time evaluation possible?

Active Well Defense: is near-real time evaluation possible?

The topic of fracture-driven interactions has been among some of the industry’s top headlines, perhaps not in the last several weeks but certainly in the previous year, if not longer. Whether you call it frac hits, frac bashing, well interference, or fracture-driven interactions (FDI), it can have a decisive impact on the production of neighboring wells. While the effect is not always negative, many operators are looking for ways to minimize FDIs as much as possible, especially in a time when our industry faces headwinds from multiple directions. (more…)

Optimize adoption: get the best training for your team

Optimize adoption: get the best training for your team

These days, there is no shortage of corporate training available to companies looking to upskill their workforce.  So how do you know which training options are best for you?  It’s a complex question, and one that does not have a one-size-fits-all answer when variables like cost, lost productivity, and turnover are factored in. Nonetheless, experts have put together some heuristics that you can use to guide your thinking and ensure that you are choosing effective options for your team.

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Finding gems in your historical frac data

Finding gems in your historical frac data

Using frac data to spot trends and improve outcomes

Though the booms and busts of the industry are often tied to economic and geopolitical forces beyond our control, we at Well Data Labs are firm believers in taking advantage of these slowdowns to innovate and improve efficiencies. Well Data Labs was founded during the last oil price bust of 2014, and our fearless co-founder and CEO, Joshua Churlik, does not let his employees forget this fact! I think it’s because it’s a great source of pride, but also because there is a great lesson to be learned in the oil & gas industry from our company’s origin story. read more…

Time for a frac review? 3 tools to gain deeper insights

Time for a frac review? 3 tools to gain deeper insights

The end of the year is coming – you can’t avoid it!  Dissecting your 2019 business data, regardless of what industry you’re in, is crucial for a strong start in 2020. By now, you’ve most likely evaluated the past year’s performance and are finalizing budgets and plans for the coming year – tapping into as many insights as you can, whether that be from financial, operational, sales, marketing, or other data. Businesses often look to these analytics to set goals with a focus on driving growth and streamlining processes to help improve operational efficiencies in the year ahead. read more…

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